T. Rowe Price Investment Management Inc. Acquires Shares of 2,500,000 SailPoint, Inc. $SAIL

Key Points

• T. Rowe Price Investment Management Inc. has acquired 2,500,000 shares of SailPoint, Inc. stock, valued at approximately $46.875 million.
• Analysts have given SailPoint a consensus rating of "Moderate Buy" with a price target of $25.50, with notable upgrades from various firms in recent reports.
• SailPoint's quarterly revenue was reported at $230.47 million, representing a year-over-year increase of 22.8%.

T. Rowe Price Investment Management Inc. acquired a new stake in SailPoint, Inc. (NASDAQ:SAIL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,500,000 shares of the company's stock, valued at approximately $46,875,000. T. Rowe Price Investment Management Inc. owned approximately 0.45% of SailPoint at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIL. Stephens Investment Management Group LLC acquired a new position in SailPoint in the 1st quarter valued at $23,213,000. Allianz Asset Management GmbH acquired a new position in SailPoint in the 1st quarter valued at $3,496,000. GW&K Investment Management LLC acquired a new position in SailPoint in the 1st quarter valued at $2,173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SailPoint in the 1st quarter valued at $1,683,000. Finally, Assetmark Inc. acquired a new position in SailPoint in the 1st quarter valued at $32,000.

Wall Street Analyst Weigh In

SAIL has been the subject of several analyst reports. Cantor Fitzgerald started coverage on SailPoint in a report on Monday, June 30th. They issued an "overweight" rating and a $29.00 price objective for the company. BMO Capital Markets lifted their price target on SailPoint from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Mizuho lifted their price target on SailPoint from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $29.00 price target (up previously from $27.00) on shares of SailPoint in a research note on Thursday, June 12th. Finally, Wells Fargo & Company lifted their price target on SailPoint from $16.00 to $20.00 and gave the company an "equal weight" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, SailPoint currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

SailPoint Stock Performance

Shares of SAIL stock opened at $20.50 on Friday. SailPoint, Inc. has a twelve month low of $15.05 and a twelve month high of $26.35. The stock's fifty day moving average price is $21.19.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $230.47 million for the quarter, compared to the consensus estimate of $225.18 million. The business's quarterly revenue was up 22.8% on a year-over-year basis. SailPoint has set its FY 2026 guidance at 0.160-0.200 EPS. Q2 2026 guidance at 0.040-0.050 EPS.

SailPoint Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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